The Council received a claim for compensation from the Special Compensation Fund from Mr. Schut and Ms. MacCallum in connection with the actions of Ms. Virtanen. A hearing was held to determine whether the claimant’s funds were:
- Misappropriated or wrongfully converted;
- Intentionally not paid over or accounted for; or
- Obtained by fraud.
A Compensation Committee of the Council found that Mr. Schut and Ms. MacCallum suffered a compensable loss as a result of the conduct of Ms. Virtanen and assessed that loss in the amount of $30,000.
The Compensation Committee directed that a certificate be issued in that amount.
Real Estate Services Act
Special Compensation Hearing
Full special compensation hearing is available as a PDF.